Spinneys is owned by Al Seer Group, a UAE-based consumer holdings company with business interests spanning food, retail, hospitality, shipyards, and construction, and a footprint in over 20 countries.
The entry of Spinneys into the Philippine market will mark the first time the retailer expands outside the Gulf Cooperation Council (GCC) region.
Ayala’s growing retail partnerships
The venture follows Ayala’s recent partnership with Thailand’s CP AXTRA to roll out Makro stores in the Philippines.
Earlier, Ayala also teamed up with Kmart Australia Ltd. to introduce the home and lifestyle brand Anko, and with BYD to bring the world’s top-selling electric vehicle brand to the country.
Together, these partnerships underscore Ayala’s strategy of linking with global industry leaders to expand its portfolio in retail, lifestyle, and sustainability sectors.
Synergy of expertise
Ayala will contribute its local market knowledge and strengths in property, retail, and logistics, while Spinneys will bring its operational and brand expertise in premium fresh food retail.
“The Philippines offers significant long-term growth potential, with strong economic fundamentals, a growing affluent population, and increasing demand for high-quality offerings,” said Sunil Kumar, CEO of Spinneys.
“We’re delighted to be bringing our high-quality and fresh offering to a new region that is natural for us to serve, as we are proud to employ and cater to many Filipinos in our current market.”
Ayala Corp. president and CEO Cezar P. Consing added: “We are honored to be the first partner of Spinneys as it ventures outside the GCC. We hope this investment will catalyze trade and investment between the Philippines and the GCC.” —Ed: Corrie S. Narisma
